Engineers Gate Manager LP Boosts Stock Holdings in Diversified Healthcare Trust $DHC

Key Points

• Engineers Gate Manager LP increased its DHC stake by 432.1% in the second quarter, reaching 175,660 shares valued at approximately $1.63 million. Institutional investors collectively own 75.98% of Diversified Healthcare Trust.
• Analyst sentiment is mixed but leans positive, with an overall “Moderate Buy” rating and a consensus price target of $9.83. Price targets range from $8.00 to $11.00, while ratings include one Strong Buy, two Buys, two Holds, and one Sell.
• DHC reported a quarterly loss of $0.16 per share, slightly worse than the $0.15 consensus estimate, on revenue of $365.39 million. The REIT paid a quarterly dividend of $0.01 per share, equivalent to a 0.5% annualized yield.

Engineers Gate Manager LP increased its stake in Diversified Healthcare Trust (NASDAQ:DHC - Free Report) by 432.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 175,660 shares of the real estate investment trust's stock after acquiring an additional 142,648 shares during the period. Engineers Gate Manager LP owned approximately 0.07% of Diversified Healthcare Trust worth $1,634,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DHC. ProShare Advisors LLC grew its position in shares of Diversified Healthcare Trust by 7.0% during the fourth quarter. ProShare Advisors LLC now owns 40,167 shares of the real estate investment trust's stock worth $195,000 after buying an additional 2,616 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in Diversified Healthcare Trust by 20.6% during the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 20,500 shares of the real estate investment trust's stock worth $99,000 after buying an additional 3,500 shares during the period. Summit Securities Group LLC acquired a new position in shares of Diversified Healthcare Trust in the 1st quarter valued at $31,000. KBC Group NV acquired a new position in Diversified Healthcare Trust in the first quarter valued at $35,000. Finally, Western Wealth Management LLC acquired a new stake in shares of Diversified Healthcare Trust during the first quarter worth about $38,000. 75.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. B. Riley Financial raised their price target on Diversified Healthcare Trust from $8.50 to $11.00 and gave the stock a "buy" rating in a report on Tuesday, June 9th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Diversified Healthcare Trust in a research report on Friday, July 17th. Royal Bank Of Canada lifted their target price on Diversified Healthcare Trust from $6.00 to $8.00 and gave the company a "sector perform" rating in a research note on Thursday, June 18th. Maxim Group boosted their target price on Diversified Healthcare Trust from $10.00 to $10.50 and gave the company a "buy" rating in a report on Wednesday, June 3rd. Finally, Wall Street Zen upgraded Diversified Healthcare Trust from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $9.83.

Diversified Healthcare Trust Stock Up 1.5%

Diversified Healthcare Trust stock opened at $7.94 on Thursday. The stock's 50 day moving average price is $8.40 and its 200 day moving average price is $8.13. Diversified Healthcare Trust has a 1-year low of $3.92 and a 1-year high of $9.66. The company has a market cap of $1.92 billion, a PE ratio of -7.15 and a beta of 2.29. The company has a debt-to-equity ratio of 1.52, a current ratio of 4.66 and a quick ratio of 4.67.

Diversified Healthcare Trust (NASDAQ:DHC - Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.01). Diversified Healthcare Trust had a negative return on equity of 16.22% and a negative net margin of 17.73%.The business had revenue of $365.39 million during the quarter, compared to analysts' expectations of $370.75 million. On average, sell-side analysts predict that Diversified Healthcare Trust will post 0.6 EPS for the current fiscal year.

Diversified Healthcare Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Shareholders of record on Monday, July 20th were issued a $0.01 dividend. The ex-dividend date of this dividend was Monday, July 20th. This represents a $0.04 dividend on an annualized basis and a yield of 0.5%. Diversified Healthcare Trust's dividend payout ratio (DPR) is -3.60%.

About Diversified Healthcare Trust

Diversified Healthcare Trust NASDAQ: DHC is a real estate investment trust that owns and manages a diversified portfolio of healthcare-related properties across the United States. Its investments are intended to support the delivery of healthcare and related services while generating rental and other property income.

The company's portfolio includes medical office buildings, life science and research facilities, senior living communities, and other healthcare properties. These assets are generally leased to healthcare providers, senior living operators, life science companies, and other tenants, with property types and operating arrangements varying across the portfolio.

Diversified Healthcare Trust serves markets throughout the United States and has historically focused on properties that benefit from demand for healthcare services, aging-related housing, and medical research facilities.

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